Thursday, December 1, 2016

Putin instructed to develop a plan of economic development up to 2025 – a RBC

Russian President Vladimir Putin (left) during a speech with the annual address to the Federal Assembly

Photo: Mikhail Metzel/TASS

the Government should develop a plan of economic development until 2025, said President Vladimir Putin. According to him, the Russian economy should reach a growth rate of not less than the world

Russian President Vladimir Putin, speaking on 1 December with a message to the Federal Assembly instructed the government no later than may 2017 to develop a substantive action plan to 2025 to the country by the end of the current decade have been able to get on the pace of economic growth above the world and to strengthen Russia’s position in the global economy.

“I Charge the government with the participation of leading business associations no later than may of next year to develop a substantive action plan 2025, the implementation of which will allow for the turn of 2019-2020 to get on the pace of economic growth above the world, and thus to build up Russia’s position in the global economy”, — Putin said.

According to him, is needed here, not abstract scenarios, and the “professional, precise forecast of development”.

Putin instructed to prepare amendments to the Tax code
the President delivered a message to the Federal Assembly, which sounded a lot of economic statements. Among other things Vladimir Putin has instructed the MPs to draft amendments to the Tax code and take them in 2018, they should come into force in 2019. These changes should be an incentive for business growth.

Video: RBC

Putin noted that to achieve the objectives you need to clearly define what will be the role of the regions and individual industries. In addition, the President called on to evaluate what contribution to economic growth will be improving the business climate, launching large investment projects, increasing non-oil exports and support for small and medium-sized businesses.

RBC will broadcast live the President’s address to the Federal Assembly

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